The ZIP Code maps and database are updated 4 times per year.Database updated: February 1, 2018, Maps updated: February 1, 2018.

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55405 ZIP Code Map

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Minneapolis, MN 55405 Data & Demographics (As of July 1, 2017)

POPULATION

Total Population

15,733

Daytime Population: Workers

7,144

Daytime Population: Residents

6,353

Total Daytime Population (TDP)

13,497

Ratio TDP/Total Population1

0.86

Population in Households

15,203

Population in Familes

7,823

Population in Group Qrtrs

530

Population Density2

6,407

Diversity Index3

56

INCOME

Median Household Income

$55,153

Average Household Income

$93,131

Per Capita Income

$44,685

HOUSING

Total Housing Units

7,865 (100%)

Owner Occupied HU

2,706 (34.4%)

Renter Occupied HU

4,729 (60.1%)

Vacant Housing Units

430 ( 5.5%)

Median Home Value

$345,845

Average Home Value

$470,658

HOUSEHOLDS

Total Households

7,435

Average Household Size

2.04

Family Households

2,596

Average Family Size

3

NOTES

If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.

Population Density = Total Population per square mile.

The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017

2017-2022

Population

0.68%

0.77%

Households

0.64%

0.73%

Families

0.5%

0.6%

Median Household Income

3.28%

Per Capita Income

2.44%

Minneapolis, MN 55405 - Peer Comparisons by Rank and Percentile

The table below compares 55405 to the other 883 ZIP Codes in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.